Question: Please double check your answer and show all steps! Question 1 1 pts You purchase 519 shares of ABC Co. stock on margin at a

Please double check your answer and show all steps!

Question 1 1 pts You purchase 519 shares of ABC Co. stock on margin at a price of $40. Your broker requires you to deposit $15,756. What is the initial margin requirement in percent? Answer to two decimals

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